Professional Documents
Culture Documents
Republic Act 8293, section 176 states that: No copyright shall subsist in
any work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other things,
impose as a condition the payment of royalties.
What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in
the module.
Read and understand the questions below. Select the best answer for each item
then write your choice on your answer sheet.
(Note: Please use a separate sheet of a 1 whole paper for all of your answers,
write a label on top: Week 1 – Quarter 1 and date you’ve completed your answers, and
your name and section) Important: Label every activity you’ve answered,
Example: What I Know (1-5 answers)
2. Mrs. Magno follows the advice of a friend to be flexible especially if she intends to
open a retail business. What PECs has been demonstrated by Mrs. Magno?
A. Self- confidence C. Open to feedback
B. Reliable and integrity D. Persistent
What’s In
Direction: Arrange the scrambled letters to form a word with each corresponding
description. Use a separate paper write your name and section. Label every
part/activity accordingly Ex. “What’s in” then your 1 to 5 answers.
5. rePsisteenc
________________ As an entrepreneur, you must be firm, strong-willed, and stick or
follow your own belief.
What’s New
Entrepreneurship has brought great success to some, but it's not a career path for all.
Every individual has different skills and personal traits. Some are determined to be
successful in every endeavor they plan to achieve and are considered hard working
person, while others are good in setting a long-term goal and have a strong faith in
their ability despite the problems that they will encounter along the way.
Entrepreneurs are those with the skills and capabilities to see and evaluate business
opportunities. They are individuals who can strategically identify products or services
needed by the community, and have the capacity to deliver them at the right time and
at the right place.
Entrepreneurship, on the other hand, is not just a simple business activity but a
strategic process of innovation and new product creation. Basically, entrepreneurship
is both an art and science of converting business ideas into marketable products or
services to improve the quality of living.
1. Hard working: If you are determined to run your own business, you must
concentrate on your work either as a producer or a seller. The success of your
business depends on how much time and effort you will spend on it.
2. Self- Confidence: You must have a strong faith in your ability despite the problems
that you will encounter along the way.
3. Future-Oriented: Once a person enters in a line of business, you must understand
that you are in a non-stop contract that an entrepreneur should understand. It may
take several years to build up a business to a reasonable standard. The goal for most
successful business people is to build a secure job and stable income for themselves
based on their own ability.
4. Profit-Oriented: When you enter into the world of business, obviously, you are
looking for income because you know that this will be your bread and butter not only
for you but also for your family. Therefore, you must see to it the business can
generate income. Another plan of action is to expand your own business through the
use of your generated income.
5. Goal-Oriented: An entrepreneur is forward looking. You have an advanced
preparation for your business. You set a long-term goal for the activities that are
needed, an extensive preparation for the production process and procedures that you
need to go through to acquire, human and non-human resources. Everything in
your business will have to be set clearly, organized, and planned depending on the
goal you want to achieve.
6. Persistence: Differences in opinion and judgment. Your opponent can be a part of
the rejection on what you intend to do for your endeavor. As an entrepreneur, you
must be firm, strong-willed, and stick or follow your own belief.
7. Copes with Failure: “Learn from your mistakes”. As an entrepreneur, you must
learn how to deal with the frustrations and failures instead, turn these into productive
learning experiences.
8. Responds to Feedback or Open to Feedback: You must be concerned to know
how well you are doing and keep track of your performance. You must obtain useful
feedback and advice from others.
9. Take the Initiative: A successful entrepreneur takes the initiative. You must put
yourself in a position where you personally are responsible for the failure or success of
your business.
10. Willing to Listen: Take time to listen to the advice, suggestions, and
recommendations of fellow entrepreneurs. It will help your business grow.
11. Set your Own Standards: This involves developing and using logical, step-by-step
plans to reach the goals, or offering evaluation alternatives, monitoring progress, and
switching to successful strategies for the goal you want to achieve. To be a successful
entrepreneur you must take into consideration that sales and production depend on
your own standards.
12. Copes with Uncertainty: Pursue your vision to be a successful entrepreneur, you
should know how to handle unusual events that may happen in the business which
include problems in managing the workers, problems on the delivery of goods and
services, and the problems on demand and production. You must be patient in dealing
with these uncertainties.
13. Committed: You should know that in your business, personal needs, attachment
to your friends, families and relatives are set aside. You must separate the money for
your business from the amount that you need to spend for personal obligations and
lifestyles.
14. Builds on Strengths: Successful business people base their work on strengths.
Use your manual skills, knowledge in creating products or services, knowledge in
trade and industry, ability to make and use of a wide network of contacts to build your
business.
15. Reliable and has Integrity: An entrepreneur must build a good reputation,
possess the courage to do the right thing, do what you say, walk your talk, be loyal,
and be fair in dealing with the subordinates and costumers.
16. Risk-Taker: Risk sometimes cannot be anticipated. When misfortunes happen,
consider these as challenges and work them out and set good alternatives. Risks may
result to loss of your business or even bankruptcy.
Excellent planner: Planning involves strategic thinking and goal setting to achieve
objectives by carefully maximizing all the available resources. A good entrepreneur
develops and follows the steps in the plans diligently to realize goals. A good
entrepreneur knows that planning is an effective skill only when combined with
action.
Sound decision maker: Successful entrepreneurs have the ability to think quickly
and to make wise decisions towards a pre-determined set of objectives. No one can
deny that the ability to make wise decisions is an important skill that an entrepreneur
should possess. Sound decisions should be based on given facts and information and
lead towards the pre-determined objectives.
What’s More
Example:
My Personal Entrepreneurial Characteristics:
1. Knowledgeable
2. Confident
3. Sensitive
1. Hard working: The success of your business depends on how much time and effort
you will spend on it.
2. Self- Confidence: You must have a strong faith in your ability despite the problems
that you will encounter along the way.
3. Future-Oriented: Once a person enters in a line of business, you must understand
that you are in a non-stop contract that an entrepreneur should understand.
4. Profit-Oriented: When you enter into the world of business, obviously, you are
looking for income because you know that this will be your bread and butter not only
for you but also for your family.
5. Goal-Oriented: An entrepreneur is forward looking. You have an advanced
preparation for your business. You set a long-term goal for the activities that are
needed, an extensive preparation for the production process and procedures that you
need to go through to acquire, human and non-human resources.
6. Persistence: Differences in opinion and judgment. Your opponent can be a part of
the rejection on what you intend to do for your endeavor. As an entrepreneur, you
must be firm, strong-willed, and stick or follow your own belief.
7. Copes with Failure: “Learn from your mistakes”. As an entrepreneur, you must
learn how to deal with the frustrations and failures instead, turn these into productive
learning experiences.
8. Responds to Feedback or Open to Feedback: You must be concerned to know how
well you are doing and keep track of your performance. You must obtain useful
feedback and advice from others.
9. Take the Initiative: A successful entrepreneur takes the initiative. You must put
yourself in a position where you personally are responsible for the failure or success of
your business.
10. Willing to Listen: Take time to listen to the advice, suggestions, and
recommendations of fellow entrepreneurs. It will help your business grow.
11. Set your Own Standards: This involves developing and using logical, step-by-step
plans to reach the goals, or offering evaluation alternatives, monitoring progress, and
switching to successful strategies for the goal you want to achieve.
12. Copes with Uncertainty: Pursue your vision to be a successful entrepreneur, you
should know how to handle unusual events that may happen in the business which
include problems in managing the workers, problems on the delivery of goods and
services, and the problems on demand and production.
13. Committed: You should know that in your business, personal needs, attachment
to your friends, families and relatives are set aside. You must separate the money for
your business from the amount that you need to spend for personal obligations and
lifestyles.
14. Builds on Strengths: Successful business people base their work on strengths. Use
your manual skills, knowledge in creating products or services, knowledge in trade
and industry, ability to make and use of a wide network of contacts to build your
business.
15. Reliable and has Integrity: An entrepreneur must build a good reputation, possess
the courage to do the right thing, do what you say, walk your talk, be loyal, and be fair
in dealing with the subordinates and costumers.
16. Risk-Taker: Risk sometimes cannot be anticipated. When misfortunes happen,
consider these as challenges and work them out and set good alternatives. Risks may
result to loss of your business or even bankruptcy.
What I Can Do
PECs Checklist
Directions: Using the PECs checklist, assess yourself by putting a check (/) mark in
either strengths or development areas column. Copy the template to your answer
sheet/paper.
Hardworking
- Works diligently
Confident
- Self-reliance in one’s ability
Disciplined
- Always stick to the plan
Committed
- Solid dedication
Creative
- Innovative to have edge over other
competitors
Profit-oriented
- Always looking for an opportunity to
have/earn income
Excellent planner
- Strategic thinking and setting of goals
Assessment
Multiple Choice. Choose the letter of the best answer. Write your answer on the
paper you have used with other activities label this with “Assessment”.
1. Which of the following kay terms best described this statement ‘Risks may result to
loss of your business or even bankruptcy.”
A. Risk-taker C. Integrity
B. Committed D. Reliability
2. Select the key term that best described the statement, “The success of your
business depends on how much time and effort you will spend on it.”
A. Hard working C. Committed
B. Confidence D. Reliable
3. Select the key term that best described the statement, “You must separate the
money for your business from the amount that you need to spend for personal
obligations and lifestyles.”
4. Which entrepreneurial traits best described this statement, “Take time to listen to
the advice, suggestions, and recommendations of fellow entrepreneurs.”
A. Copes with uncertainty C. Set your own standards
B. Builds on strength D. Willing to listen
Note:
Don’t forget to copy in your personal TLE notebook the
concepts discussed in “What’s New” or the summary in “What
I have learned”